The sector responsible for processing raw materials into finished goods is the secondary sector. This sector includes manufacturing and construction activities, where raw materials obtained from the primary sector are transformed into products ready for consumer use. Examples include turning ...
Tiwari Academy Discussion Latest Questions
The sector that involves direct extraction of natural resources is the primary sector. This sector encompasses activities such as agriculture, fishing, mining, and forestry, where raw materials are obtained directly from the environment. The primary sector plays a crucial role ...
Economic activities refer to actions that involve the production, distribution, and consumption of goods and services with the primary aim of generating income or wealth. These activities encompass a wide range of tasks, including farming, manufacturing, retail, and service provision, ...
Selling vegetables in the market is an example of an economic activity because it involves generating income or wealth. In this case, the seller engages in trade by offering goods (vegetables) in exchange for money, contributing to their livelihood and ...
Value addition in economic activities has a significant impact by increasing the monetary worth of a product as it moves through various stages of production. This process enhances the product’s quality, functionality, or appeal, making it more desirable to consumers ...
According to the chapter, Sevā plays a vital role in society as an act of selfless service performed for the welfare of others without expecting any financial reward or recognition. It fosters a spirit of compassion, kindness, and community support, ...
It is important to distinguish between economic and non-economic activities because they serve different purposes in society. Economic activities involve earning money and contributing to the economy through production, trade, or services, which help individuals sustain their livelihoods and drive ...
The story of Kavya and her uncle, who operates a bulldozer, emphasizes the lesson of how different professions, including manual labor, contribute significantly to society and the economy. Kavya learns to appreciate the value of hard work and the importance ...
In the chapter, the term market is best described as a platform or system where buyers and sellers interact to exchange goods, services, or resources. It can refer to physical locations, such as local markets or shops, or broader concepts, ...
In the chapter, Sevā is described as an act of selfless service performed without expecting any form of monetary reward or recognition. It reflects the values of kindness, compassion, and duty towards others, often driven by a sense of responsibility ...